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the opportunity to do something big. it can force our government to live within its means and put the economy on a stronger footing for the future. and allows us to invest in that future. we agreed that until we solve the deficit problem, we need to find trillions in savings over the next decade. and significantly more this fall. that is the amount i put forward in the framework i announced a few months ago. that is around the same amount the republicans have put forward in their own plans. it is the kind of substantial progress that we should be aiming for here. to get there, we need to take on spending and the tax cut. and this will require both parties to get out of our comfort zones, and both parties to agree on a real compromise. i am ready to do that. i believe there are enough people in each party that are willing to do that. we need to come together over the next few weeks to reach a deal that will reduce the deficit and a pulled the credit of the united states government in the credit of the american people. that is why even as we continue discussions, i have asked the leaders of bot
and credit officials. i have also spoken with big banking executives with trade associations, with government watchdog groups and the consumer advocates across the country. i am pleased to report that our various initiatives on improving mortgages and supervising non-bank credit businesses and setting up a strong military service office has received widespread support from both individuals and groups across this country. in my written testimony, i also described in detail the steps congress has taken to provide meaningful oversight over the cfpb and to make sure that it remains accountable both to congress and to the american people. i appreciate the opportunity to discuss that oversight today. so, without chairman isayah, ranking member comings, members of the committee thank you again for inviting me to testify about the consumer financial protection bureau. as we prepare this agency to begin its various responsibilities, we appreciate the important oversight role of the committee and we thank you for your interest. >> i:the gentlelady. without i will recognize myself for five minutes for a
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